Consolidating student loans after graudation

Borrowers have a six-month grace period for federal Direct Loans and a nine-months for federal Perkins Loans.

These sessions of self-paced web counseling are beneficial because you can learn about the repayment options available to you.For loans made for periods of enrollment beginning on or after July 1, 2012, graduate and professional students are not longer eligible to receive subsidized loans.Loans made prior to this date are not affected by this change. Repayment on PLUS Loans generally must begin within sixty days after the final loan disbursement for the period of enrollment for which the loan was borrowed.Remember: even if you don’t receive a bill because your loan servicer cannot reach you, your payment is still due on time.In addition, if you decide to switch schools, you need to let your lender(s) know.

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